TOTAL VOLUME:
$114.9b
24H VOL:
$115,004,824
24H TRANSACTIONS:
1,328,557,186
OPEN INTEREST:
$1,173,251,947
326,476
Markets across
32,118
events
MATCHED EVENTS:
3,072
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
September 30
- Polymarket
September 30 - Polymarket
2.6%
1W
News
Positive
Negative
Neutral
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Aug 15
Aug 17
Aug 18
Aug 19
Aug 20
Aug 21
Aug 22
Vol.
$5.9k
·
Resolves Sep 30, 2026
$
This market tracks whether Iran will carry out a qualifying military action against Ukraine by a set date. On Polymarket, the probability that Iran will target Ukraine by September 30, 2026 stands at 2.5%, while the probability of targeting by August 31, 2026 is 1.1%. The resolution will rely on official information from the governments and militaries of Ukraine and Iran, alongside credible reporting. Watch for any confirmed Iranian military actions directed at Ukraine before the September 30, 2026 deadline to see the market resolve.
This market will resolve to “Yes” if Iran targets Ukraine through a qualifying military action between market creation and the specified date, Kyiv time. Otherwise, this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Iran, directed at Ukraine. An air strike includes bombs, air-to-surface missiles, and air-launched drones. A surface-to-surface missile strike includes one-way attack drones and surface-to-surface missiles such as cruise or ballistic missiles. The following actions do not constitute a qualifying military action: Surface-to-air missile strikes; Small-arms fire; Ground incursions; Cyber operations; Naval gunfire and artillery fire; Howitzers, artillery pieces, mortars, and rocket artillery (e.g. MLRS systems); Minor surface-to-surface strikes, including short range loitering munitions, FPV drones, and ATGM strikes; Any threat, authorization, or announcement of force that has not been executed. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at Ukraine if it is directed at the terrestrial territory of Ukraine, including any internal waters. Only military actions by Iranian forces explicitly claimed by the Islamic Republic of Iran, or confirmed to have originated from Iranian territory will count toward the resolution of this market. Attacks by proxy forces (i.e. Hezbollah, Houthis, etc.) will not count toward the resolution of this market. The occurrence, attribution, timing, and target of a qualifying military action will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence, attribution, timing, or target of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, timing, and target of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (Kyiv time) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information. The resolution sources for this market will be official information from the governments and militaries of Ukraine and Iran and a consensus of credible reporting.
On Polymarket, the current odds reflect trader expectations about Iran’s potential actions toward Ukraine. These odds can diverge from analyst forecasts, which may be influenced by different intelligence assessments, political considerations, or timing assumptions. While analysts might emphasize diplomatic or military indicators, market prices aggregate all available information as interpreted by participants.
On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Polymarket, traders set prices through buying and selling contracts that represent the possible outcomes. The top outcome’s current chance is shown as 2.4%, derived from the market’s volume of $473,363. Prices shift continuously based on new information, trader sentiment, and position adjustments leading toward Sep 30, 2026.
This market resolves around Sep 30, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Traders will see the result based on whether Iran takes actionable steps against Ukraine as defined by the market’s terms before that date.
Several developments could shift odds in this market. These include heightened geopolitical tensions, military movements in the region, public statements from Iranian or Ukrainian officials, and major international diplomatic activity. Any credible report of planned or executed strikes, as well as defensive posture changes, may cause rapid price swings before Sep 30, 2026.